Freddie Mac Single-Family Seller/Servicer Guide 4607.8 — Appraisal requirements for CHOICERenovation® Mortgages
Freddie Mac Single-Family Seller/Servicer Guide section 4607.8 — Appraisal requirements for CHOICERenovation® Mortgages. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4607.8 — Appraisal requirements for CHOICERenovation® Mortgages — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Freddie Mac Single-Family Seller/Servicer Guide 4607.8 — Appraisal requirements for CHOICERenovation® Mortgages (part 1 of 2)
Refer to Bulletin 2025-7, which announced the policy requirements for Uniform Appraisal Dataset (UAD) 3.6. Sellers may submit to the Uniform Collateral Data Portal® appraisal reports that use UAD 3.6 before the mandatory effective November 2, 2026 version of this section. This section contains requirements related to: ■ Initial appraisal report ■ Changes to original plans and specifications ■ Final inspection and completion report (a) Initial appraisal report The Seller must obtain an appraisal report based on an interior and exterior inspection. The appraisal report must include an “as completed” value of the subject property. If there are proposed renovations being financed with the CHOICERenovation® Mortgage, the appraisal report must be completed subject to completion of the proposed renovations. The Seller must provide the appraiser with the cost estimates, plans and specifications for the renovations. Note: If Form 1000, Single Family Comparable Rent Schedule, or Form 72, Small Residential Income Property Appraisal Report, is required, it must be completed using current rental income for the subject property. See Section 5306.1. (b) Changes to original plans and specifications If, after the appraiser provides the “as completed” value, changes are made to the original plans and specifications in accordance with the Seller responsibilities outlined in Section 4607.9(a)(2), the Seller must notify the appraiser of the changes and provide change documentation to the appraiser. The appraiser must provide a new appraisal to reflect the changes and account for the impact on the “as completed” value. (c) Final inspection and completion report Upon completion of all proposed renovations, the appraiser must perform a final inspection of the property and complete a completion report in accordance with the requirements in Section 5605.8 for verifying completion. The completion report must document that all renovations were completed in accordance with the plans and specifications and must include photographs of the completed renovations.
Freddie Mac Single-Family Seller/Servicer Guide 4607.8 — Appraisal requirements for CHOICERenovation® Mortgages — PENDING VERSION, takes effect 2026-11-02
Not yet in force. This is the pending version of the section, which takes effect 2026-11-02. The other version on this page governs until then.
CHOICERenovation® Mortgages (Future effective date 11/02/26) This section contains requirements related to: ■ Initial appraisal report ■ Changes to original plans and specifications ■ Final inspection and completion report (a) Initial appraisal report The Seller must obtain a Traditional Appraisal Report that includes an “as completed” value of the subject property. If there are proposed renovations being financed with the CHOICERenovation® Mortgage, the appraisal report must be completed subject to completion of the proposed renovations. The Seller must provide the appraiser with the cost estimates, plans and specifications for the renovations. (b) Changes to original plans and specifications If, after the appraiser provides the “as completed” value, changes are made to the original plans and specifications in accordance with the Seller responsibilities outlined in Section 4607.9(a)(2), the Seller must notify the appraiser of the changes and provide change documentation to the appraiser. The appraiser must provide a new appraisal report to reflect the changes and account for the impact on the “as completed” value. (c) Final inspection and completion report Upon completion of all proposed renovations, the appraiser must perform a final inspection of the property and complete a completion report in accordance with the requirements in Section 5605.9 for verifying completion. The completion report must document that all renovations were completed in accordance with the plans and specifications and must include photographs of the completed renovations.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 4607.8 — Appraisal requirements for CHOICERenovation® Mortgages
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.
Source of record: https://claudeforcompliance.com/regs/fhlmc-4607-8/
· register fhlmc-4607-8 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.